Charles Schwab Investment Management Inc. Boosts Stock Position in SPDR Gold MiniShares Trust $GLDM

Charles Schwab Investment Management Inc. raised its stake in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 27.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,348,849 shares of the company’s stock after buying an additional 292,933 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.55% of SPDR Gold MiniShares Trust worth $88,377,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in SPDR Gold MiniShares Trust by 25.2% in the 1st quarter. Victory Capital Management Inc. now owns 5,635 shares of the company’s stock worth $349,000 after purchasing an additional 1,133 shares in the last quarter. Harbour Investments Inc. increased its stake in SPDR Gold MiniShares Trust by 320.1% during the 1st quarter. Harbour Investments Inc. now owns 50,684 shares of the company’s stock valued at $3,137,000 after purchasing an additional 38,618 shares in the last quarter. US Bancorp DE raised its holdings in SPDR Gold MiniShares Trust by 56.6% in the first quarter. US Bancorp DE now owns 476,160 shares of the company’s stock worth $29,470,000 after buying an additional 172,029 shares during the last quarter. MONECO Advisors LLC raised its holdings in SPDR Gold MiniShares Trust by 11.5% in the first quarter. MONECO Advisors LLC now owns 48,824 shares of the company’s stock worth $3,022,000 after buying an additional 5,036 shares during the last quarter. Finally, Asset Planning Inc bought a new position in shares of SPDR Gold MiniShares Trust in the first quarter worth approximately $29,000.

SPDR Gold MiniShares Trust Price Performance

Shares of GLDM opened at $83.46 on Friday. The firm has a 50 day moving average of $79.78 and a 200 day moving average of $71.46. SPDR Gold MiniShares Trust has a twelve month low of $51.24 and a twelve month high of $86.75.

SPDR Gold MiniShares Trust Profile

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.